The Return to Keynes Keynes and Keynesian Policies in the New Millennium
ed. by B. Bateman, T. Hirai, M.C. Marcuzzo,
The Belknap Press of Harvard University Press, 2010
The Return to Keynes:
Contents
Introduction
Bradley Bateman (DenisonUniversity), Toshiaki Hirai (Sophia University) and Maria Cristina Marcuzzo (University of Rome, La Sapienza)
Part I
Keynesian Economic Policy: past and present
1. United States
Bradley Bateman (Denison College)
2. Japan
Yoshiyasu Ono (Osaka University )
3. Europe
Hans-Michael Trautwein (University of Oldenburg)
Part II Theory
4. Keynesian and Wicksellian Issues in Relation to the New Neo-classical Synthesis
Mauro Boianovsky (University of Brasilia) and Hans-Michael Trautwein (University of Oldenburg)
5. Tobin’s Keynesianism
Ryan Bruno (Brock University) and Robert Dimand (Brock University)
6. J.M. Keynes and International Finance
Marcello De Cecco (Scuola Normale Superiore di Pisa)
7. Present State of Macroeconomics
Richard Arena (University of Nice)
8. Critical Analysis of Macroeconomics from Keynesian Point of View
Hiroshi Yoshikawa (University of Tokyo)
9. Financial Instability
Ian Kregel (Levy Institute)
Part III. Lessons of Recent Literature on Keynes
10. Keynes’s Life and his Work
Gilles Dostaler (University of Quebec at Montreal)
11. The Keynes’s papers
Toshiaki Hirai (Sophia University)
12. Keynes and Sraffa
Heinz Kurz (University of Graz)
13. Keynes, Mathematics and the General Theory
Roger Backhouse (Univ. of Birmingham)
Blurbs
It is a basic truth in the history of economics that great ideas never die. They attain this permanence because they are shaped by both the internal demands of economic theorizing as well as the external realities of the economy. The Return to Keynes, edited by three distinguished scholars, testifies to this truth and demonstrates that doing the history of economics is a part of doing economics well. Keynesian macroeconomic policy as a tool for stabilization is now firmly fixed in the toolbox of economics.
― Prof. Yuichi Shionoya, Hitotsubashi University
This fascinating collection of papers addresses the current status and relevance of Keynes from a number of perspectives: the return of macroeconomic policy activism, the state of modern macroeconomics, the recent scholarship of Keynes's life and work, and some elements of Keynes's work that might be relevant to the current crisis. The authors' backgrounds are diverse and their scholarship often cutting edge. A fine guide to the present state of play.
― Prof. D.E. Moggridge, University of Toronto
During the 1990s, John Maynard Keynes, and Keynesian economics, were declared to be well and truly dead. Then came the financial and
economic crises of 2008 and they were reborn as a way of understanding economies with significant unemployment. This excellent collection of essays,brought together by three prominent scholars of Keynes and Keynesian policy, will be a convenient way for those who have forgotten Keynesian economics to refresh themselves, and for others to learn for the first time.
― Prof. Craufurd Goodwin, Duke University
Product Description
Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, which not only proved resistant to traditional Keynesian policies but was actually thought to be caused by them. By the 1990s, the anti-Keynesian counter-revolution seemed to reach its pinnacle with the award of several Nobel Prizes in economics to its architects at the University of Chicago. However, with the collapse of the dot-com boom in 2000 and the attacks of 9/11 a year later, the nature of macroeconomic policy debate took a turn. The collapse prompted a major shift in macroeconomic policy, as the Bush administration and other governments around the world began to resort to Keynesian measures—both monetary and fiscal policies—to stabilize the economy. The Keynesian rebirth has been most dramatically illustrated during the past year when central banks have pumped billions of dollars of liquidity into the world’s financial system to address the crises of confidence, illiquidity, and insolvency that were triggered by the sub-prime lending crisis. The Return to Keynes puts Keynesian economics in a fresh perspective in order to assess this surprising new era in economic policy making.
Book Reviews,
・George Peden, University of Stirling, UK, Economic History Review
・G. C. Harcourt, Australian School of Business
The European Journal of the History of Economic Thought, 18: 1, Feb. 2011, 159-164
・Geoff Tily, City University London
Economica, 80, No.317, 2013,
190-192,
